19 July 2014
my job in chemical manufacturing Co. Company. Some Stationery purchased & Rs. 14450/- vat show in stationery bill can i take input credit of vat of rs. 14450/-
19 July 2014
INPUT TAX CREDIT IS AVAILABLE ONLY ON THOSE INPUTS WHICH ARE PURCHASED FOR RESALE OR FOR USE IN MANUFACTURING OF THOSE GOODS FOR SALE OR ON CAPITAL GOODS WITH CERTAIN CONDITIONS.
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